Hangzhou Toka Ink Co (SHSE:688571) Days Payable : 117.56 (As of Sep. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Hangzhou Toka Ink Co Days Payable?

Hangzhou Toka Ink Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥316 Mil. Hangzhou Toka Ink Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥246 Mil. Hence, Hangzhou Toka Ink Co's Days Payable for the three months ended in Sep. 2024 was 117.56.

The historical rank and industry rank for Hangzhou Toka Ink Co's Days Payable or its related term are showing as below:

SHSE:688571' s Days Payable Range Over the Past 10 Years
Min: 78.73 Med: 125.46 Max: 142.9
Current: 125.94

During the past 10 years, Hangzhou Toka Ink Co's highest Days Payable was 142.90. The lowest was 78.73. And the median was 125.46.

SHSE:688571's Days Payable is ranked better than
85.3% of 1510 companies
in the Chemicals industry
Industry Median: 59.125 vs SHSE:688571: 125.94

Hangzhou Toka Ink Co's Days Payable declined from Sep. 2023 (117.61) to Sep. 2024 (117.56). It may suggest that Hangzhou Toka Ink Co accelerated paying its suppliers.

Hangzhou Toka Ink Co Days Payable Historical Data

The historical data trend for Hangzhou Toka Ink Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hangzhou Toka Ink Co Days Payable Chart

Hangzhou Toka Ink Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

127.84

142.90

130.47

131.29

130.12

Hangzhou Toka Ink Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															117.61	124.76	134.51	120.96	117.56

Competitive Comparison of Hangzhou Toka Ink Co's Days Payable

For the Specialty Chemicals subindustry, Hangzhou Toka Ink Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hangzhou Toka Ink Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hangzhou Toka Ink Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hangzhou Toka Ink Co's Days Payable falls into.

Hangzhou Toka Ink Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Hangzhou Toka Ink Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (314.613	+	325.839)	/	2 )	/	898.276	*	365
=	320.226					/	898.276	*	365
=	130.12

Hangzhou Toka Ink Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (296.249	+	336.561)	/	2 )	/	245.591	*	365 / 4
=	316.405					/	245.591	*	365 / 4
=	117.56

Hangzhou Toka Ink Co Days Payable Related Terms

Thank you for viewing the detailed overview of Hangzhou Toka Ink Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Hangzhou Toka Ink Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hangzhou Toka Ink Co Ltd (SHSE:688571) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 (South), No. 5 Street, Baiyang Street, Economic and Technological Development Zone, Zhejiang Province, Hangzhou, CHN, 310018

Website

http://www.hhink.com

Hangzhou Toka Ink Co Ltd is involved in the production and sales of energy-saving and environmentally friendly ink products. It offers various ink product such as Web offset printing ink, Gravure ink, water-based ink, special ink and others.

Executives

Cao Wen Xu	Directors, senior managers
Zhang Lei	senior management
Gong Zhang Shui	Senior management, core technical personnel
He Liang	Core technical personnel
He Tie Fei	Core technical personnel
Sun Guan Zhang	Core technical personnel
Qiu Ke Jia	Directors, senior managers
Wang Bin	senior management
Liu Xiao Peng	Core technical personnel
Shen Jian Bin	Senior management, core technical personnel
Lin Ri Sheng	Core technical personnel
Xia Jian Yong	Core technical personnel
Ma Zhi Qiang	Core technical personnel

Hangzhou Toka Ink Co Headlines

No Headlines